Resignation of Statutory Auditor of M/s Agrawal & Agrawal Associates.
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M/s Agrawal & Agrawal Associates (FRN: 116653W) has resigned as the Statutory Auditor of Mardia Samyoung Capillary Tubes Company Ltd, effective from the end of business hours on November 03, 2025. The auditor was originally appointed for a 5-year term starting September 30, 2022, scheduled to expire at the conclusion of the 2026-27 AGM, making this a mid-term exit roughly two years before the term ended. The stated reason is pre-occupation in other professional work, and the auditor confirmed there are no other material reasons or concerns with management, audit evidence, or the financial statements. The last audit report issued was an unmodified opinion on FY2024-25 financials (dated May 22, 2025), with no qualifications flagged. The Board has noted the resignation and appreciated the auditor's contribution.
The company will now need to appoint a new statutory auditor within the timelines prescribed under SEBI and Companies Act rules. While the reason cited is benign (pre-occupation) and no governance red flags were raised, a mid-term auditor change can sometimes prompt investor questions about the underlying circumstances.